I don't disagree, but I suppose on a technical side it's possible to allow inflation in a cryptocurrency. The rate could possibly also be determined via some di

I don't disagree, but I suppose on a technical side it's possible to allow inflation in a cryptocurrency. The rate could possibly also be determined via some distributed consensus approach, though this again would likely not be particularly democratic without some central instance to keep track of voting identities (else you have to use stuff like proof-of-work which definitely isn't democratic in the least).